X0306 4 2016-02-11 0000091440 SNAP-ON Inc SNA 0001268556 Johnsen Constance SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA WI 53143 1 Vice President and Controller Common Stock 2016-02-11 4 M 0 35 A 1972 D Common Stock 2016-02-11 4 F 0 35 138.03 D 1937 D Performance Units 2016-02-11 4 A 0 237 A Common Stock 237 1289 D Performance Units 2016-02-11 4 M 0 35 D Common Stock 35 1254 D Performance Units 2016-02-11 4 M 0 1254 D Common Stock 1254 0 D Deferred Stock Units 2016-02-11 4 M 0 1254 A Common Stock 1254 2363 D Restricted Stock Units 2016-02-11 4 A 0 274 A Common Stock 274 1003 D Stock Option (Right to Buy) 138.03 2016-02-11 4 A 0 8500 0 A 2017-02-11 2026-02-11 Common Stock 8500 8500 D Performance Units 2016-02-11 4 A 0 618 0 A Common Stock 618 618 D Restricted Stock Units 2016-02-11 4 A 0 618 0 A Common Stock 618 618 D Stock Option (Right to Buy) 79.04 2016-02-13 2023-02-13 Common Stock 2333 2333 D Stock Option (Right to Buy) 109.43 2015-02-13 2024-02-13 Common Stock 5000 5000 D Stock Option (Right to Buy) 144.69 2016-02-12 2025-02-12 Common Stock 8000 8000 D Restricted Stock Units Common Stock 1138 1138 D Performance Units Common Stock 854 854 D Performance Units Common Stock 729 729 D Based on Company performance during the 2013-2015 period, approximately 122.5% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits). The reporting person elected to defer the receipt of a portion of the underlying shares. Shares were withheld to cover tax withholding upon the vesting of performance units. 1 for 1. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment. Based on Company performance during fiscal 2015, approximately 137.6% of the restricted stock units originally granted were earned (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number of units originally reported, subject to plan limits). Assuming continued employment through the end of fiscal 2017, the units will then vest in one installment and the shares will be issued shortly thereafter. Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option. If the Company achieves certain goals over the 2016-2018 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits. The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2016. Assuming continued employment through the end of fiscal 2018, any units earned will then vest in one installment and the shares will be issued shortly thereafter. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits. The restricted stock units were earned based on Company performance during fiscal 2014. Assuming continued employment through the end of fiscal 2016, the units will then vest in one installment and the shares will be issued shortly thereafter. If the Company achieves certain goals over the 2014-2016 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits. If the Company achieves certain goals over the 2015-2017 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits. /s/ Ryan S. Lovitz under Power of Attorney for Constance R. Johnsen 2016-02-16